| CMA CGM | |
| Type: | Société Anonyme, Private |
| Predecessor: | Compagnie Générale Transatlantique and Messageries Maritimes |
| Founder: | Jacques R. Saadé |
| Area Served: | Worldwide |
| Key People: | Rodolphe Saadé and Tanya Saadé Zeenny and |
| Industry: | Freight transport |
| Products: | Container shipping and terminals, logistics and freight forwarding, ferry and tanker transport |
| Revenue: | $74.50 billion (2022)[1] |
| Operating Income: | $33.31 billion (2022) |
| Net Income: | $24.88 billion (2022) |
| Assets: | $51.98 billion (2021)[2] |
| Equity: | $23.91 billion (2021) |
| Num Employees: | 155,000 |
| Subsid: | List of subsidiaries |
| Footnotes: | [3] [4] |
| Foundation: | [5] |
| Location City: | CMA CGM Tower Marseille |
| Location Country: | France |
CMA CGM is a French shipping and logistics company founded in 1978 by Jacques Saadé.[6]
The name is an acronym of two predecessor companies, Compagnie Maritime d'Affrètement (CMA) and Compagnie Générale Maritime (CGM), translating as "Maritime Freighting Company" and "General Maritime Company", respectively.
The company is headquartered at the CMA CGM Tower in Marseille, France,[7] and is the third largest container shipping company in the world.[8] The company's 2023 annual revenue was US$47 billion.
CMA CGM business activities include shipping, port operation, supply chain management and warehousing, with a presence in 160 countries through 400 offices, 750 warehouses, 155,000 employees and a wide fleet of 593 vessels. CMA CGM serves 420 of the world’s 521 commercial ports and operates 257 shipping lines.[9]
The history of CMA CGM can be traced back to the middle of the 19th century, when two major French shipping lines were created, respectively Messageries Maritimes (MM) in 1851 and Compagnie Générale Maritime (CGM) in 1855, soon renamed Compagnie Générale Transatlantique in 1861. Both companies were created partly with the backing of the French State, through the award of mail contracts to various destinations, French colonies and overseas territories as well as foreign countries. After the two World Wars, the two companies became "State owned corporations of the competitive sector" (Entreprise publique du secteur concurrentiel), i.e., companies that, while owned by the State, were run as private for-profit businesses operating in competitive markets. The French government, under President Valéry Giscard d'Estaing and Prime Minister Jacques Chirac, progressively merged the two companies between 1974 and 1977 to form Compagnie Générale Maritime, which was still owned by the French government and still run as a competitive business, although sometimes subject to political pressure, for instance on the selection of shipyards to build new ships.
Compagnie Générale Maritime (CGM) operated as such from 1974 to 1996 when it was privatized by the French state under President Chirac and Prime Minister Alain Juppé. During these 22 years it operated freight and container liner services in various global trade lanes, as well as a fleet of dry bulk ships, and a few large oil tankers and Liquefied Natural Gas (LNG) tankers, with headquarters located in Paris' western suburbs, first in Paris-La Defense, then in close by Suresnes.
The CGM liner services, mostly containerized but also operating a significant fleet of "Con-Ro" vessels able to load roll-on/roll-off cargoes, were re-structured from the two parent companies' main trade lanes, i.e. Western trade lanes (Americas) for Compagnie Générale Transatlantique (CGT) and Eastern trade lanes (Asia, East Africa, Pacific, plus Eastern South America) for Messageries Maritimes (MM). After the merger and re-structure, CGM's liner services were managed in four distinct Trade Divisions, North America & Far East (AMNEO, for Amérique du Nord & Extrême Orient) which also managed the bulk and tanker fleets, South America & Caribbean (AMLAT), Pacific & Indian Ocean (PACOI) and Short Sea Trades (Cabotage).
Separately, Jacques Saadé had created CMA in 1978 as an intra-Mediterranean liner service operator, based in Marseille. In 1996, CGM was privatized and sold to Compagnie Maritime d'Affrètement (CMA) to form CMA CGM.[10]
In 1998 the combined company purchased Australian National Lines (ANL).
In September 2005, CMA CGM acquired its French rival Delmas based in Le Havre from the Bolloré Group for €600 million. The acquisition was completed in early January 5, 2006. The resulting corporation became the third largest container company in the world behind the Danish A.P. Moller-Maersk Group and the Swiss Mediterranean Shipping Company S.A.[11]
In May 2007, a consortium represented by CMA CGM completed its acquisition of Compagnie Marocaine de Navigation (Comanav) for a sum of €200 million.[12] [13]
In July 2007, CMA CGM acquired Cheng Lie Navigation Corp. (CNC Line), Intra-Asia container line based in Taiwan.
In 2014, CMA CGM signs the Ocean Three agreements. The group strengthens its offer by signing major agreements on the biggest worldwide maritime trades with CSCL and UASC.
In April 2015, the group acquired a strategic stake in LCL Logistix, a logistics leader in India, via its subsidiary CMA CGM LOG.
In December 2015, CMA CGM Benjamin Franklin called at the Port of Los Angeles and thus became the largest vessel ever to call the United States.[14] The container-ship, 1300feet long and 177feet wide, was inaugurated in Port of Long Beach on February 19.[15]
In July 2016 CMA CGM finalized its acquisition of Singapore-based NOL (Neptune Orient Lines) and its container line APL (American President Lines) after an all-cash offer of US$2.4 billion. The takeover is CMA CGM's largest acquisition and the purchase added 12 percent market share to the CMA CGM group. The Singapore Exchange Securities Trading suspended trading of NOL shares at the end of the offer.[16] [17]
In June 2017, CMA CGM acquire Mercosul Line, a Brazilian shipping company specialized in multimodal door-to-door container transportation and logistics.[18]
In October 2018, CMA CGM finalized the acquisition of Finland-based container-transportation and logistics company Containerships.[19]
In April 2019, CMA CGM completed its public tender offer to acquire CEVA Logistics.[20] [21] With this acquisition, the CMA CGM Group becomes a global leader in transport and logistics, 110,000 people strong with more than $30.3 billion in revenue. CEVA operational center is transferred in Marseille, France, where is located the Head Office of the CMA CGM Group.[22]
In February 2021, CMA CGM Group completes its logistics offer by creating a new division dedicated to air freight: CMA CGM Air Cargo. With its four Airbus A330-200F cargo aircraft, this airfreight division links Europe to North America.[23] The first flight from Liège to Chicago marks the debut of commercial operations.[24]
In September 2021, CMA CGM announced a partnership with fellow Breton-based operator Brittany Ferries. The partnership involves a €25 million investment, plus a CMA CGM representative joining Brittany Ferries' supervisory board.[25] [26] [27]
In May 2022, CMA CGM signed a strategic partnership with Air France–KLM to develop their air cargo capacities together. However, this partnership, implemented in April 2023,[28] was terminated by mutual agreement in January 2024 without change in the 9% stake acquired by CMA CGM in the Franco-Dutch airline group.[29] [30]
In January 2024, a takeover offer for Wincanton plc was made.[31] [32]
CMA CGM is 73% owned by Rodolphe Saadé and his family through Merit France SAS. The Turkish family-owned company Yildirim Holding has a 24% stake and French public sector investment bank Bpifrance has a 3% holding.[33] [34] [35]
Maritime activities
Terminal activities
Intermodal activities and logistics
Support activities
Air services
In 2023, CMA CGM's fleet included:
The fleet has 200 maritime services and calls at more than 420 ports in 160 countries. There are 521 commercial ports in the world at the moment.
| CMA CGM Vela class | 2008–2009 | 11,262 | 4 | ||
| CMA CGM Andromeda class | 2009–2011 | 11,388 | 12 | ||
| Explorer class | 2009–2015 | 13,830–17,859 | 14 | ||
| CMA CGM A. Lincoln class | 2017–2018 | 14,414 | 6 | ||
| CMA CGM Antoine de Saint Exupery class | 2018 | 20,954 | 3 | ||
| CMA CGM Argentina class | 2019–onwards | 14,812–15,052 | 11+ | Long-term charter from Eastern Pacific Shipping | |
| CMA CGM Jacques Saadé class | 2020–2021 | 23,112 | 9 | LNG-powered container ships[36] | |
| CMA CGM Patagonia class | 2021–2022 | 15,000 | 5 | ||
| CMA CGM Zephyr class | 2021–2022 | 15,000 | 5 | ||
| 2023–onwards | 5,500 | 10 | VLSFO-powered container ships[37] | ||
| CMA CGM Bahia class | 2023–onwards | 13,000 | 6 | LNG-powered container ships | |
| 2023–onwards | 15,000 | 6 | LNG-powered container ships | ||
| 2025–onwards | 8,000 | 6 | To be built at Hyundai Samho Heavy Industries[38] | ||
| 2025–onwards | 7,900 | 3 | Biogas-powered container ships[39] | ||
| 2025–onwards | 7,300 | 4 | Biogas-powered container ships | ||
| 2025–2026 | 24,000 | 10 | LNG dual-fueled container ships[40] [41] |
See main article: article.
On April 4, 2008, pirates seized the CMA CGM luxury cruise ship Le Ponant off the coast of Somalia.
CMA CGM and its affiliates have been implicated in various arms-shipping incidents.
As a result of CMA CGM's involvement in Iranian weapons smuggling, US congressmen have called on CMA CGM to be investigated and urged the US Treasury Department to consider levying sanctions against the shipper.[49] The company has since implemented tighter procedures for accepting shipments bound for Iran,[50] including scanning all containers destined for the country.[51] CMA CGM has also ceased exporting from Iranian ports since November 2011.
On 4 May 2017, the container ship CMA CGM Centaurus made heavy contact with the quay and two shore cranes while under pilotage during its arrival at Jebel Ali, United Arab Emirates. The accident resulted in the collapse of a shore crane and 10 injuries to shore personnel.[52]
On 20 January 2018, the container ship CMA CGM Washington was on-route to Los Angeles, US, from Xiamen, China, when it experienced heavy waves in the North Pacific Ocean. The crew discovered that three bays, 54, 58 and 18, collapsed, which led to the loss of 137 containers and damage of another 85.
On 24 December 2018, the container ship CMA CGM Norma was involved in a collision with the China-flagged general cargo ship Yusheng366 in the waters south of Hong Kong. All the crew from Yusheng366 were rescued as they abandoned ship before she sank, while CMA CGM Norma suffered minor damages.[53]
On 6 April 2022, a fire broke out in a container on the ship's deck on the 6,552 TEU CMA CGM Rabelais. The vessel was en route to Nhava Sheva, India, after departing Singapore and was navigating the Malacca Straits, some 100km north-west of Port Klang, when the fire was discovered at about noon, local time.[54] A spokesperson for vessel owner Danaos Corporation, said the master had “immediately implemented firefighting protocols” and emphasised that "the fire is still burning, but it is under control.” One crew member was injured during the firefighting operations, when he slipped and fell, breaking some ribs.[55]
On 3 July 2022, the Singaporean-flagged container ship APL Vanda was on-route between Singapore and Suez as part of CMA CGM's Asia - North-Europe Fal 3 service, when it lost 55 loaded containers in the Indian Ocean whilst the vessel was facing heavy weather, just before entry to the Gulf of Aden according to CMA CGM.[56] No injury was reported and all crew members were safe.The ship, which left Singapore on June 26, stopped on July 9 in Djibouti "to clear some damaged containers on deck before safely continuing its voyage."[57]
On 25 November 2023, US defense officials reported that the ship was targeted in a suspected Iranian drone attack while in the Indian Ocean, en route from Jebel Ali, United Arab Emirates to Port Klang, Malaysia.[58] The ship has an Israeli owner and the incident happened a short time before the 2023 Israel-Hamas ceasefire.[59] [60]